Business

(Reuters) — Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said on Wednesday. Battery maker Panasonic will be a partner in the Liberty, North Carolina…

(Reuters) — U.S. stock index futures edged higher on Wednesday as technology and growth stocks snapped back, while investors waited for private payrolls data to gauge how fast the Federal Reserve will raise interest rates to tame decades-high inflation. The three main indexes are set for sharp mont…

WASHINGTON (Reuters) — U.S. private payrolls increased by 132,000 jobs in August after rising 270,000 in July, the ADP National Employment Report showed on Wednesday. The ADP report was suspended for June and July while the company revamped the methodology for the data after a poor record predictin…

DETROIT (Reuters) — Tesla Inc Chief Executive Elon Musk has set his young company on an aggressive expansion path like no other auto executive has dreamed — but one riddled with potholes and road blocks that could stall or sidetrack the journey. Musk’s audacious goal of selling 20 million ele…

(Reuters) — Former President Donald Trump’s social media platform Truth Social has not yet been approved for distribution on Alphabet Inc’s Google Play Store due to insufficient content moderation, Axios reported on Tuesday, citing a Google spokesperson. The delay marks a setback for th…

LONDON (Reuters) — Oil prices fell by more than $3 a barrel on Tuesday on fears that an inflation-induced weakening of global economies would soften fuel demand and as Iraqi crude exports have been unaffected by clashes. Brent crude futures for October settlement were down $3.90, or 3.71%, at $101.…

JACKSON HOLE, Wyo. (Reuters) — The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. That price is still worth payin…

SYDNEY (Reuters) — Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields and the dollar sharply higher, and tested equity and earnings valuations. Federal Reserve Chair Jerome Powell’s promise of policy “pain…

MELBOURNE (Reuters) — Oil prices rose 1% on Monday, as expectations OPEC will cut output if needed to support prices, conflict in Libya, and rising demand amid soaring natural gas prices in Europe helped offset a dire outlook for growth in the United States. U.S. West Texas Intermediate crude futur…

JACKSON HOLE, Wyo. (Reuters) — Cleveland Federal Reserve Bank President Loretta Mester on Saturday said she would base her decision on whether to back a third straight 75-basis point interest rate hike next month on U.S. inflation data, not the closely watched jobs report. Fed Chair Jerome Powell o…